Dubai / WAM Saeed Mohammed Al Tayer, Vice Chairman of Dubai Supreme Council of Energy (DSCE) announced that Dubai launched region’s first Association of District Cooling Operators to enhance efficiency of district cooling operations and optimise water and energy resources. “The association, which is an official, recognised platform, aims to raise efficiency of district cooling plants and create a roadmap ...

Bloomberg India will subsidise interest costs for small borrowers who had availed of a six-month loan repayment holiday to survive as the pandemic devastated cash flows, according to court documents seen by Bloomberg. Prime Minister Narendra Modi’s government will pay the “interest on interest” on loans of as much as 20 million rupees ($273,000) for the duration of the Reserve ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) on Saturday signed a Memorandum of Understanding with the Dubai Islamic Economy Development Centre (DIEDC) to reinforce and expand the reach of the Islamic banking sector, and to advance cooperation in areas of mutual interest. Saif Hadef Al Shamsi, Deputy Governor of the central bank of the UAE, and ...